ABENGOA SA Auction Results, 14 January 2016
Final Results of the ABENGOA SA CDS Auction, 14 January 2016
Final Price: 4.625
On 14 January 2016, 12 dealers submitted initial markets, physical settlement requests and limit orders to the ABENGOA SA auction administered by Creditex and S&P Global to settle trades across the market referencing ABENGOA, S.A..
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
| USD/EUR | 1.08260 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 5.5 | 7.5 | Bank of America, N.A. |
| Barclays Bank PLC | 7.0 | 9.0 | Barclays Bank PLC |
| BNP Paribas | 9.0 | 11.0 | BNP Paribas |
| Citigroup Global Markets Limited | 4.0 | 6.0 | Citigroup Global Markets Limited |
| Credit Suisse International | 5.0 | 7.0 | Credit Suisse International |
| Deutsche Bank AG, London | 10.0 | 12.0 | Deutsche Bank AG, London |
| Goldman Sachs International | 5.0 | 7.0 | Goldman Sachs International |
| JPMorgan Chase Bank, N.A. | 4.5 | 6.5 | JPMorgan Chase Bank, N.A. |
| Morgan Stanley & Co. International plc | 5.75 | 7.75 | Morgan Stanley & Co. International plc |
| Nomura International PLC | 5.5 | 7.5 | Nomura International PLC |
| Societe Generale | 11.0 | 13.0 | Societe Generale |
| UBS AG | 2.25 | 4.25 | UBS AG |
Initial Market Midpoint: 6.5
Adjustment Amounts
Societe Generale
EUR 45,000
Deutsche Bank AG, London
EUR 35,000
BNP Paribas
EUR 25,000
Barclays Bank PLC
EUR 5,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 0.85 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Goldman Sachs International | Offer | 4.25 |
| Nomura International PLC | Offer | 0.0 |
| UBS AG | Offer | 354.7 |
| Barclays Bank PLC | Bid | 8.5 |
| BNP Paribas | Bid | 0.15 |
| Credit Suisse International | Bid | 12.0 |
| Deutsche Bank AG, London | Bid | 2.2 |
| JPMorgan Chase Bank, N.A. | Bid | 3.0 |
| Morgan Stanley & Co. International plc | Bid | 2.05 |
| Societe Generale | Bid | 2.5 |
Net Open Interest: EUR 329.4 million to sell
| Sum of Buy Physical Requests | 30.4m |
| Sum of Sell Physical Requests | 359.8m |
| Sum of Physical Request Trades | 30.4m |
| Sum of Limit Order Trades | 329.4m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs International | 7.5* | 9.95 |
| Morgan Stanley & Co. International plc | 6.75* | 30.0 |
| Societe Generale** | 6.5* | 1.0 |
| Deutsche Bank AG, London** | 6.5* | 1.0 |
| BNP Paribas** | 6.5* | 1.0 |
| Barclays Bank PLC** | 6.5* | 1.0 |
| Morgan Stanley & Co. International plc | 6.125* | 70.0 |
| Morgan Stanley & Co. International plc | 6.0* | 20.0 |
| Barclays Bank PLC | 6.0* | 10.0 |
| UBS AG | 6.0* | 3.0 |
| UBS AG | 6.0* | 2.0 |
| UBS AG | 6.0* | 0.5 |
| UBS AG | 5.875* | 2.8 |
| UBS AG | 5.875* | 2.2 |
| Morgan Stanley & Co. International plc** | 5.75* | 1.0 |
| Morgan Stanley & Co. International plc | 5.625* | 30.0 |
| Nomura International PLC** | 5.5* | 1.0 |
| Bank of America, N.A.** | 5.5* | 1.0 |
| Citigroup Global Markets Limited | 5.125* | 70.0 |
| Barclays Bank PLC | 5.0* | 10.0 |
| Goldman Sachs International** | 5.0* | 1.0 |
| Credit Suisse International** | 5.0* | 1.0 |
| Citigroup Global Markets Limited | 4.625^ | 127.0 |
| JPMorgan Chase Bank, N.A.** | 4.5 | 1.0 |
| Citigroup Global Markets Limited | 4.125 | 25.0 |
| Barclays Bank PLC | 4.0 | 15.0 |
| Citigroup Global Markets Limited | 4.0 | 5.0 |
| Citigroup Global Markets Limited** | 4.0 | 1.0 |
| Credit Suisse International | 4.0 | 1.0 |
| Credit Suisse International | 3.625 | 1.0 |
| Citigroup Global Markets Limited | 3.5 | 5.0 |
| Barclays Bank PLC | 3.375 | 3.0 |
| Deutsche Bank AG, London | 3.125 | 150.0 |
| Citigroup Global Markets Limited | 3.125 | 80.0 |
| Barclays Bank PLC | 3.125 | 50.0 |
| Goldman Sachs International | 3.125 | 50.0 |
| Goldman Sachs International | 3.125 | 25.0 |
| UBS AG | 3.125 | 20.0 |
| Morgan Stanley & Co. International plc | 3.0 | 50.0 |
| Citigroup Global Markets Limited | 3.0 | 30.0 |
| Morgan Stanley & Co. International plc | 3.0 | 25.0 |
| Bank of America, N.A. | 3.0 | 15.0 |
| Barclays Bank PLC | 3.0 | 15.0 |
| UBS AG | 2.75 | 10.0 |
| Bank of America, N.A. | 2.625 | 10.0 |
| Credit Suisse International | 2.625 | 1.0 |
| Morgan Stanley & Co. International plc | 2.5 | 50.0 |
| Morgan Stanley & Co. International plc | 2.5 | 25.0 |
| Barclays Bank PLC | 2.375 | 185.0 |
| Goldman Sachs International | 2.375 | 50.0 |
| Bank of America, N.A. | 2.375 | 10.0 |
| Deutsche Bank AG, London | 2.25 | 200.0 |
| Citigroup Global Markets Limited | 2.25 | 100.0 |
| Goldman Sachs International | 2.25 | 50.0 |
| Goldman Sachs International | 2.25 | 25.0 |
| Goldman Sachs International | 2.25 | 10.0 |
| UBS AG** | 2.25 | 1.0 |
| Citigroup Global Markets Limited | 2.125 | 165.0 |
| Barclays Bank PLC | 2.125 | 75.0 |
| Credit Suisse International | 2.125 | 20.0 |
| Bank of America, N.A. | 2.125 | 10.0 |
| Barclays Bank PLC | 2.0 | 25.0 |
| Goldman Sachs International | 2.0 | 20.0 |
| Citigroup Global Markets Limited | 2.0 | 15.0 |
| Citigroup Global Markets Limited | 2.0 | 5.0 |
| Nomura International PLC | 2.0 | 5.0 |
| Bank of America, N.A. | 1.75 | 30.0 |
| Citigroup Global Markets Limited | 1.75 | 3.0 |
| UBS AG | 1.5 | 10.0 |
| Nomura International PLC | 1.5 | 5.0 |
| Citigroup Global Markets Limited | 1.5 | 3.0 |
| Barclays Bank PLC | 1.375 | 10.0 |
| Bank of America, N.A. | 1.25 | 75.0 |
| UBS AG | 1.25 | 50.0 |
| Morgan Stanley & Co. International plc | 1.25 | 50.0 |
| Citigroup Global Markets Limited | 1.25 | 3.0 |
| Citigroup Global Markets Limited | 1.125 | 329.4 |
| Morgan Stanley & Co. International plc | 1.125 | 100.0 |
| Credit Suisse International | 1.125 | 100.0 |
| Barclays Bank PLC | 1.125 | 100.0 |
| Credit Suisse International | 1.125 | 3.0 |
| Morgan Stanley & Co. International plc | 1.0 | 208.0 |
| Citigroup Global Markets Limited | 1.0 | 80.0 |
| UBS AG | 1.0 | 50.0 |
| Goldman Sachs International | 1.0 | 10.0 |
| Citigroup Global Markets Limited | 1.0 | 6.0 |
| Nomura International PLC | 1.0 | 5.0 |
| Goldman Sachs International | 0.75 | 10.0 |
| Citigroup Global Markets Limited | 0.75 | 8.0 |
| JPMorgan Chase Bank, N.A. | 0.625 | 100.0 |
| Bank of America, N.A. | 0.625 | 80.0 |
| Barclays Bank PLC | 0.625 | 25.0 |
| Citigroup Global Markets Limited | 0.5 | 229.0 |
| Credit Suisse International | 0.5 | 150.0 |
| Goldman Sachs International | 0.5 | 100.0 |
| Credit Suisse International | 0.5 | 40.0 |
| Citigroup Global Markets Limited | 0.5 | 20.0 |
| Citigroup Global Markets Limited | 0.5 | 20.0 |
| Nomura International PLC | 0.5 | 5.0 |
| Citigroup Global Markets Limited | 0.375 | 329.0 |
| Credit Suisse International | 0.375 | 250.0 |
| JPMorgan Chase Bank, N.A. | 0.375 | 220.0 |
| Bank of America, N.A. | 0.375 | 98.0 |
| Credit Suisse International | 0.25 | 325.0 |
| Citigroup Global Markets Limited | 0.25 | 52.0 |
| Goldman Sachs International | 0.25 | 20.0 |
| Credit Suisse International | 0.125 | 325.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.